A good article about why the Fed should do nothing, no bailouts, no rate cuts, no liquidity injections. (4 pages long, so click on next page on the bottom of each page)
Free Market Capitalism Cuts Both Ways
By Robert MarcinRealMoney.com Contributor8/13/2007 1:31 PM
It hasn't been pretty in the financial markets lately. Collapsing subprime and structured debt prices, contracting credit markets, busted deals, and a sharp correction in stocks all have investors on edge. And it should be so. For investors had become far too complacent for far too long.
http://www.thestreet.com/_htmlatb/newsanalysis/opinion/10373992.html
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